Many people wanting to buy a home can afford the monthly payment, but can’t qualify for a mortgage because of student loans. To help solve this problem, Fannie Mae implemented new rules this year that … [Read more...]
LIBOR-indexed ARMs
Although ARMs (adjustable-rate mortgages) are not the best option in every situation, they are helpful in certain situations when financing a home. So in this article, we explain the basics of … [Read more...]
CMT-Indexed ARMs
While financial jargon like CMT-indexed ARMs can be a bit overwhelming at first, all that it takes is a little bit of research to understand the various concepts. So in this article, we discuss … [Read more...]
Construction Conversion Mortgages
If you are considering building a house, you probably don’t like the idea of getting a construction loan that you’ll have to pay off with a permanent mortgage. And, you’ve probably thought of the risk … [Read more...]
Affordable Merit Rate Mortgages
A poor credit rating is perhaps the biggest obstacle to getting a mortgage to purchase a new home. And even if a homebuyer with a low FICO score qualifies for a home loan, the mortgage has a higher … [Read more...]
4 Things Every Borrower Should Understand About Mortgage Math
There are several mathematical formulas borrowers should understand when applying for a mortgage, to help them get the best possible mortgage with the lowest mortgage interest rate. So, here are 4 … [Read more...]
Which Homebuyers Can Benefit from a Bridge Loan?
Imagine living in a single family home for ten years, and comfortably paying off a sizable portion of the mortgage. But then, you take a new job and have to move quickly to a different state. You find … [Read more...]
6 of the Best Federal Government Mortgage Resources
Ever since the financial bailout following the 2007 housing crash, it’s been public knowledge that the federal government has a vested interest in a stable and healthy housing market. Of course, the … [Read more...]
Information You Need to Know About Mortgage Loans
The word “mortgage” is thrown around so often that it can be easy to assume that everyone knows what a home mortgage loan is and how it works. But unless you’ve recently gone through the mortgage … [Read more...]
Will You Save Money Paying Your Mortgage Weekly?
If you are a homeowner hoping to save money on your mortgage, you may have considered switching to a weekly or bi-weekly mortgage payment plan as a quick and easy alternative to getting your mortgage … [Read more...]
